All Real Assets articles in Web Issue – Page 258
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PropertyEU Archive
CBRE: European office rents continue to increase in Q1
European office rents are continuing to rise in a number of markets, despite reduced leasing activity reflecting occupier caution, according to a forthcoming market report on first-quarter trends in the sector by property adviser CB Richard Ellis.
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PropertyEU Archive
Grosvenor delivers first phase of £1b Liverpool One project
UK property group Grosvenor said on Tuesday that it has completed the first phase of its £1bn regeneration project for Liverpool city centre. This key milestone opens up nearly one million sq ft (93,000 m2) of retail space across 80 units and 2,500 parking spaces ahead of schedule, reconnecting the ...
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PropertyEU Archive
Carlyle raises EUR 2.2b for 3rd European fund
Global private equity firm Carlyle said on Tuesday that it has raised equity of EUR 2.2bn for the third closing of its European real estate fund, Carlyle Europe Real Estate Partners III (CEREP III). The raised equity far exceeded the initial target of EUR 1.5bn, underscoring the ongoing strong demand ...
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PropertyEU Archive
GPR 250 Europe Index drops further in May
European real estate stocks turned in a negative performance in the month of May, according to both the GPR 250 Europe Index and the EPRA/NAREIT Europe Index. Global Property Research (GPR) reported an overall dip of 4.1% for European property stocks, representing a major drop from the -0.7% return reported ...
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PropertyEU Archive
Grupo Anfora appoints Savills to market Can Prat industrial park
Spanish construction company Grupo Anfora is retaining international services firm Savills and Spanish agent Simer for the marketing of the final phase of its new industrial park Can Prat near Barcelona. This follows Savills and Simer's successful marketing of phases one and two.
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PropertyEU Archive
Lindsay to head Orco's hospitality arm
Orco Property Group announced on Tuesday that Keith Lindsay has been appointed CEO of the Central European investor's hospitality arm. Lindsay will be responsible for Orco's MaMaison Hotels & Apartments assets and the Suncani Hvar Hotels in Croatia. In addition, he will be responsible for the asset management of the ...
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PropertyEU Archive
Bouygues Immobilier sells to Deka
French property group Bouygues Immobilier has sold the Wood Parc and Euralille 2 projects to German investor Deka Immobilien for EUR 62mln. Bouygues' development unit said that a total of three projects were sold to Deka this year, for a total of EUR 222mln. In January, the German investor bought ...
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PropertyEU Archive
CB Richard Ellis Investors shops in Vienna
CB Richard Ellis Investors has announced the acquisition of a property company holding a site in Vienna for an undisclosed amount. In a statement, CBRE Investors said it plans to build an office building on the site, which will provide a total area of around 41,300 m2, including 38,400 m[sup]2[/sup] ...
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PropertyEU Archive
PIK completes development of Kope tower
Russian property developer PIK Group announced on Tuesday that it has completed the construction of the Kope Tower in Khimki, near Moscow. Construction of the 25-floor building started in Autumn 2007 and was completed within seven months.
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PropertyEU Archive
'Quarter of construction workers in Ireland face lay-off'
A quarter of construction workers in Ireland face losing their jobs by the end of 2009 as the country’s building boom runs out of steam, newspaper Irish Independent has reported. The newspaper cites a confidential report by the Irish employment and training agency FAS which suggests that the country's largest ...
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PropertyEU Archive
Portugal's EDP hires PREA to manage property portfolio
Portuguese real estate consultancy PREA has been selected by EDP, the largest operator in the Portuguese energy sector, to lead and manage a project to optimise management and create value from EDP's real estate assets. At the moment, EDP's property portfolio totals more than 9,000 assets across Portugal.
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PropertyEU Archive
Terrace Hill lets over 10,000 m[sup]2[/sup] at Baltic Business Quarter
AIM-listed property group Terrace Hill has let over 10,000 m[sup]2[/sup] of office space at its £300mln (EUR 380mln) Baltic Business Quarter scheme in Gateshead to nPower, the major UK energy provider. According to the company statement nPower has agreed to lease 110,000 sq ft (10,219 m2) at a rent of ...
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PropertyEU Archive
FDR, Credit Agricole invest EUR 210m in Euromed Center
French property company Fonciere des Regions said it is teaming up with Credit Agricole's life insurance unit Predica, and Credit Agricole's regional bank unit Alpes Provence to invest up to EUR 210 mln in the development of the Euromed Center, a 71,500 m[sup]2[/sup] commercial and entertainment centre in Marseille. Designed ...
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PropertyEU Archive
Kenmore completes 5 Middle East deals for EUR 217m
UK-based commercial property investor and developer Kenmore has announced the completion of five transactions with a total area of 187,767 m[sup]2[/sup] and a gross development value of £171.6mln (EUR 217mln) in the Middle East. The group has bought shares of up to 50% in five projects from a variety of ...
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PropertyEU Archive
Defo in EUR 40m Goteborg shopping centre buy
Union Investment's subsidiary Defo Deutsche Fonds fur Immobilienvermogen has purchased the Sisjo Entre retail centre in Goteborg, Sweden for around EUR 40mln. The property is earmarked for the firm's Defo-Immobilienfonds I. The 14,000 m[sup]2[/sup] asset was bought by the Scandinavian firm Nordic Real Estate Partners (NREP). In a statement, the ...
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PropertyEU Archive
PIK Group to acquire first development site in St Petersburg
London-listed PIK Group said on Wednesday that it is in advanced discussions over the acquisition of a major land plot in the historic heart of the city of St.Petersburg. The group intends to develop a flagship project in St. Petersburg aimed at the luxury segment of the market. Located in ...
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PropertyEU Archive
Pitch Promotion to build industrial asset in Lille
French property developer Pitch Promotion is to develop a 37,500 m[sup]2[/sup] industrial building in Lille for the French postal services firm La Poste. The complex will be built on a 10-hectare site located in the new Lesquin district of Lille. Designed by architects Ageca Fairhursts Architectes, the asset will provide ...
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PropertyEU Archive
Atisreal leases Ellipse project to i-BP
Global property services firm Atisreal said on Wednesday that it has let the Ellipse project development to the banking group Informatique Banque Populaire (i-BP) with a nine-year lease. Designed by architectural team Bodreau Architecture, this office project is being built by real estate firm OCDL - Giboire and should be ...
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PropertyEU Archive
E&Y: Equity players back in the limelight in Holland
Equity investors will play a larger role in the Dutch real estate market during 2008 as the locations and sectors attracting investment are likely to change, according to Ernst & Young Real Estate Group. In March 2008, Ernst & Young RE asked a representative set of real estate professionals in ...
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PropertyEU Archive
Vasakronan sells properties before takeover
Swedish state-owned real estate firm Vasakronan is selling two office properties in Stockholm for about SEK 2.3bn (about EUR 247mln). Vasakronan has reached an agreement on the sale with another state-owned real estate company, Specialfastigheter, to honour a government request that the properties, Tre Vapen 4 and Fruktkorgen 1, stay ...
